• About
  • Contact
Monday, April 19, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

TCS Becomes 2nd Indian Company To Cross 9 Lakh Crore Market Cap

Pritish raj by Pritish raj
September 15, 2020
in News
2 min read
0
TCS Profitable Employees Shares- Next Big Brand

TCS Shares- Next Big Brand

Share on FacebookShare on Twitter
  • Tata Consultancy Services became the second Indian firm after Reliance Industries Limited to attain a market valuation of over Rs 9 lakh crore on Monday.

Tata Consultancy Services became the second Indian firm after Reliance Industries Limited to attain a market valuation of over Rs 9 lakh crore on Monday. Market value of the company went past Rs 9 lakh crore in early trade aided by a rally in its share price.

The software services firm ‘s stock gained 2.91 per cent on the BSE at Rs 2,442.80 — its record high. It jumped to a lifetime high of Rs 2,439.80 on the NSE, 2.76 per cent.

Helped by the increase in its share price, the market valuation of the company rose in early trade to Rs 9,14,606.25 on BSE. In terms of market capitalisation, it is the second most important domestic company.

Meanwhile, Reliance Industries Limited is the first Indian film to have reached the market valuation mark of Rs 9 lakh crore.

This landmark was reached in October of last year by the country’s most admired company. Its market valuation currently stands at Rs 15,78,732.92 crore-the highest in the country for any listed firm.

TCS, India’s largest exporter of technology, closed the BSE 4.7 percent higher at a record level of 2.485.00 for a market capitalization of 9.35 lakh crore, while HCL Technologies finished 9.9 percent higher at around 793.00, after hitting a 52-week intraday high. Infosys rose 3.4 percent to approximately $977.95, Wipro rose 4.81 percent to approximately $307.15 and Tech Mahindra rose 3.1 percent to close $788.55. The BSE Sensex fell by 0.25% and the NSE Nifty50 fell by 0.21%, while the BSE IT index fell by 4.8% and the NSE Nifty IT index, respectively.

Indian IT services firms have seen companies rebound as clients invest internationally in technology and automation to drive their business after a poor first quarter. As remote work becomes popular, Indian firms have helped clients allow their workers to work remotely, while adding a security layer for their applications. They also help multinational companies move their software to the cloud or the internet.

Recently, Reliance Industries (RIL) shares hit a record high of Rs 2,218, up 3 percent on BSE in Thursday’s early morning trade, with the market capitalization (market-cap) close to Rs 15 lakh crore which means it has crossed $200 billion capitalizations. It surpassed its previous peak in intra-day trade of Rs 2,198.70, touched on July 27, 2020.

Previous Post

YouTube Launches TikTok-Like Feature YouTube Shorts

Next Post

Airmeet Raises $12M Series A Funding Led By Sequoia Capital & Redpoint Ventures

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Industries

Apple Tops the List of Top 50 Most Innovative Companies: BCG Study

April 19, 2021
boAt Raises Rs 50 Crore from Qualcomm Ventures
Media

boAt Raises Rs 50 Crore from Qualcomm Ventures

April 16, 2021
60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect
Case Study

60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect

April 16, 2021
Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License
Industries

Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License

April 16, 2021
Vahdam India Recorded a 110% YoY Growth in FY21
Food

Vahdam India Recorded a 110% YoY Growth in FY21

April 15, 2021
Swiggy to Raise $450 million from SoftBank Vision Fund
Food

Swiggy to Raise $450 million from SoftBank Vision Fund

April 15, 2021
Next Post
Airmeet Raises $12M Series A Funding Led By Sequoia Capital & Redpoint Ventures

Airmeet Raises $12M Series A Funding Led By Sequoia Capital & Redpoint Ventures

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

LinkedIn Top 10 Indian Startups 2020

LinkedIn Top 10 Indian Startups 2020

7 months ago
paytm source paytm.com

PayTM To Launch A Video Streaming Service And Jump Into Content

2 years ago
oyo rooms funding

OYO is now the world’s 3rd-largest hotel chain by room count

2 years ago
Dabur India Donation- Next big Brand

Dabur India Launches E-Commerce Only Brands To Increase Sales

2 years ago

FOLLOW US

  • 33.8k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Apple Tops the List of Top 50 Most Innovative Companies: BCG Study
  • Pine Labs – Transforming the Digital Transaction Environment
  • Gupshup: Providing Secured Feature Rich Bot Platforms to its Clients

Instagram

Follow Me!

Latest News

Apple Tops the List of Top 50 Most Innovative Companies: BCG Study

April 19, 2021
Pine Labs Acquires Fave in Deal Valued over $45 Million

Pine Labs – Transforming the Digital Transaction Environment

April 17, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.